System Replace: SMA Crossover Pullback (Nov. 16 – 23)

One other massive win and a contemporary sign on this mech system!

What number of pips did it catch and the way is the most recent place going?

If that is the primary time you’re studying concerning the SMA Crossover Pullback system, ensure you have a look at the trading rules and risk management adjustments first.

EUR/USD already scored massive good points within the previous update, however the downtrend remains to be going.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Foreign exchange Chart

Certain, it left some pips on the desk identical to the opposite pairs I’m watching on this method, however I shouldn’t really feel too grasping!

GBP/USD additionally let some pips slide after it hit its full PT a few weeks again, and now it’s leaping in a brand new place.

A contemporary bullish moving average crossover passed off, adopted by a legitimate Stochastic pullback sign from the oversold space.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Foreign exchange Chart

The pair appears to be shifting sideways for now, however I’m hopeful that momentum picks up quickly.

In the meantime, EUR/JPY had a brief place opened from waaay again.

The pair already tumbled greater than 150 pips, so the trailing cease had been locking pips alongside the best way.

Fortunately, the place didn’t need to be closed on this early exit since worth dropped sharply to its full goal. Woot woot!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Foreign exchange Chart

Right here’s a have a look at the most recent positions:

SMA Crossover Pullback Positions as of Nov. 23, 2021

Pair Place Entry SL PT Standing Pips %
EUR/JPY Brief 132.45 133.95 129.45 Closed +300 +2.00
GBP/USD Lengthy 1.3443 1.3293 1.3743 Open

With that, the SMA Crossover Pullback System closed out with one more 300-pip or 2.00% achieve, due to the brief place on EUR/JPY.

This rounds up three full wins on all of the pairs I’m monitoring on this technique and chalks up its FIFTH consecutive profitable week!

ICYMI, right here’s how this strategy fared in Q3 2021.

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